IRVINE, CA, March 2, 2004 – Veros Software, an industry leader in advanced mortgage technology, today announced the launch of VeroPHOTO+, another piece of the automated collateral assessment solution. VeroPHOTO+ unites the superior accuracy of the VeroVALUE AVM with a digital photo of the subject property and an external property condition report completed at the time of the AVM order.

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VeroPHOTO+ reports are delivered within 24-48 hours of placing the order and are automatically attached to the VeroVALUE AVM report produced at runtime. Veros customers are also presented with a host of supplemental options including interior photographs and condition reports of the subject property, street scenes, and photographs of nearby recent area sales.

“VeroPHOTO+ provides further verification of the current physical condition of properties that are the subject of an AVM or other collateral assessment”, stated Darius Bozorgi, President and CEO of Veros. “It was important to us that the photographs and condition reports be generated at order time,” continued Bozorgi. “Just like any AVM, photographs that are not current provide customers lesser value when they need to know the status of a property today.”

VeroPHOTO+ is available nationwide and may be ordered on individual properties as well as portfolios of properties. The product is offered on a fully automated basis and is integrated into Veros’ web-based ordering systems. Veros will complete full XML availability to VeroPHOTO+ in the second quarter of this year. For more information on the Veros collateral assessment solutions, please visit the web at www.verovalue.com or contact Veros at (866) 458-3767.

Veros Software (www.veros.com) located in Irvine, California is shaping the future of mortgage technology through its continuous predictive technology leadership by providing innovative solutions in automated valuations with meaningful confidence scores and the highest usable hit rates available for true value in any production setting. Veros currently delivers property valuations in 40 states and over 600 counties nationwide. In addition to its market leading valuations, VeroVALUE also generates property fitness analytics, fraud detection, price trend information, secured valuations, and VeroFORECAST, an analytic tool that estimates future values and market stability.